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XAUUSD 1D | Bullish Continuation Setup

📰 Tradingview 🕐 1 min read 📅 August 20, 2026 👁 5 views
XAUUSD 1D | Bullish Continuation Setup
Gold is showing a strong recovery from the lower demand area and has reclaimed the marked support zone. 🔹 Entry: ~4,476.89 🔹 Stop Loss: ~4,325.74 🔹 TP1: ~4,659.61 🔹 Final Target: ~4,859.24 🔹 Risk–Reward: ~1:1.2 to TP1 / ~1:2.5 to final target Trade Idea Price has reacted strongly from the daily demand zone and is now attempting to continue higher. The key area to watch is the marked support zone around 4,450–4,475. Holding above this area could support further upside toward the previous resistance and the higher daily supply zone. Trade management: Consider securing partial profits at TP1 and managing the remaining position toward the final target. ⚠️ This is a technical analysis idea, not financial advice. Wait for confirmation and manage risk appropriately.
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